Market Overview for BLUR/Tether (BLURUSDT): Volatility, Divergence, and Key Levels

• BLURUSDT opened at $0.07724 and surged to $0.07999 before retracting to $0.07593, closing near $0.07614 at 12:00 ET.
• A bullish engulfing pattern formed early in the session, followed by bearish divergence in RSI and MACD.
• Volume spiked at 19:15 ET and declined sharply after 04:00 ET, while turnover showed divergence near key Fibonacci levels.
• Price tested 0.07946 (Bollinger mid) twice and found resistance at 0.07999 and support at 0.07603–0.07612.
• Overbought RSI readings occurred at 0.07999, followed by a rapid 4.9% pullback into oversold territory by 11:15 ET.

The BLUR/Tether (BLURUSDT) pair opened at $0.07724 on 2025-10-02 at 12:00 ET and reached a high of $0.07999 before retreating to a low of $0.07593 by 11:15 ET the next day. At 12:00 ET on 2025-10-03, the price closed at $0.07614. The total trading volume over the 24-hour window amounted to 6,768,698.0 units, with a notional turnover of approximately $523,790.1.

Key structural features emerged in the candlestick patterns, with a strong bullish engulfing pattern forming at 16:15 ET, signaling a potential reversal in early buying momentum. Resistance levels formed at $0.07946 and $0.07999, while support appeared to consolidate around $0.07603–0.07612. A doji formed near 0.07794 at 03:00 ET, suggesting indecision, and a bearish harami pattern developed at 00:15 ET, indicating potential downward continuation.

The 20-period and 50-period moving averages (15-min chart) showed a bearish crossover after 03:00 ET, suggesting a shift in short-term sentiment. On the daily chart, the 50-period MA crossed above the 100-period and 200-period lines at 04:15 ET, forming a potential golden cross. However, the price failed to maintain above this level and drifted lower. Momentum indicators confirmed this shift, with RSI reaching overbought territory at 87.6 near $0.07999 and later plunging to 14.2 in oversold conditions, signaling exhaustion and potential reversal.

MACD lines showed bearish divergence from 00:15 ET onward, with histogram bars shrinking despite rising prices. Bollinger Bands expanded during the bullish phase and then contracted sharply after the 0.07999 high, indicating a potential consolidation period. Price remained below the 20-period moving average for most of the session, with a notable bounce from the lower band at $0.07623. Fibonacci retracements from the 0.07724 to 0.07999 swing showed critical levels at 38.2% ($0.07861) and 61.8% ($0.07826), where price stalled before reversing.

The backtest hypothesis is grounded in the convergence of candlestick patterns, moving average crossovers, and Fibonacci levels observed in the 15-minute and daily charts. A long entry could have been triggered at the bullish engulfing pattern (16:15 ET) with a stop-loss below 0.07724 and a take-profit target near 0.07946 (38.2% Fibonacci retracement). A short entry could have been considered at the bearish harami (00:15 ET), with a stop above 0.07946 and a target near 0.07603 (61.8% retracement). The 50/200 MA golden cross on the daily chart could also support a long bias, but a confirmation above 0.07623 would be needed for conviction.